Timeshare Company closed down due to huge fraud
A Timeshare risk management company which claimed to help people exit their timeshare contracts in Tenerife has been shut down leaving clients at a...
Insolvency rising again says Trade body
INSOLVENCY activity has again increased in the south east, according to the UK’s insolvency and restructuring trade body.R3 figures showed a rise in this...
Retail Insolvencies climb 19% in the UK
New analysis by Mazars has found that the number of insolvencies by retailers has increased 19% in the past year to 2,195 in 2023/24...
Haulage firms named in Business Late payers list
Well known transport, distribution and haulage firms have cropped up in a list naming and shaming both late and serially-late payers of invoices.The “rogues...
Plant Hire firm enters liquidation despite nearly 50 years of trading
A well known Scottish plant hire firm has entered liquidation after near half a century of trade.All jobs have been lost at a Fife...
Martin Lewis investigates shady actions by UK Debt Collection Company
In the United Kingdom, an intriguing scenario has surfaced within the UK's debt collection sector and the infamous Martin Lewis.
This involves the controversial activities...
Surge in Unpaid Rental Arrears says Industry supplier
Data released from Reposit, a deposit alternative service, reveals what it calls “a concerning surge in rent arrears” during the final quarter of last...
Small Business late payment costing SMEs £1.6Bn
Small Business Late Payment and the cost of such has more than doubled in the past two years, reaching £1.6 billion at the end...
10% rise in Business Insolvencies predicted by Experts
UK Business insolvency could increase by 10% this year, according to research by Allianz.The insurer’s global insolvency outlook revealed that 15% of small and...
Actors resorting to Debt Recovery action to get paid
A large number of Actors from shows such as Call the Midwife, have had to resort to taking debt recovery action to ensure they...
1 in 3 Small Business owners fear closure this year
Nearly one in three (31%) of small business owners anticipate the potential closure of their businesses by the end of 2024 according to research...
Number of Restaurants closing hits new high in the UK
The number of restaurants closing across Britain hit a new quarterly high at the end of 2023, with more than 500 closing.There were 514...
Council calls off Bailiffs chasing Unpaid School dinner fees
A local authority exposed by the Sunday Mail for using debt collectors to chase school meal arrears has ditched the policy.Scottish Renfrewshire Council had last year...
Football Club facing liquidation unless buyer found
Well known Northern English Football club Rochdale FC are facing the very real prospect of liquidation as things stand.
Rochdale currently sit mid-table in the...
Debt ridden TV Celebrity has horse seized by Bailiffs
Debt ridden TV celebrity Katie Price has been hit by another devastating blow amid her battle with bankruptcy, as her beloved horse has reportedly been...
Claims Management company closes suddenly due to large debts
A north west Claims Management company running financial mis-selling claims has closed, announcing on its website that cases have been transferred.The Law Gazette reported...
Could the Recession be good for Debt Collection?
Some people believe a recession is lucrative for the debt collection industry. With a recession comes more late payment of invoices and overdue accounts....
London Mansions being seized as part of Debt Collection efforts
London mansions are being seized as part of measures to recover debts in London from bankrupt businessmen.A Kensington mansion has become the capital’s latest luxury...
Retail Insolvencies continue to rise in the UK
Retail Insolvencies are expected to continue to rise according to latest industry expert findings.Less than two months into 2024 and six UK retailers have...
Huge rise in no fault evictions in 2023
Figures released in the past week by the Ministry of Justice showed that 9,457 households in England were evicted by bailiffs in 2023, compared...
